Many expatriates fall into the trap that, because they live in a tax free environment now, they do not need to worry about tax. However, without careful planning, all the assets they have built up could be seriously eroded when they return home, retire in the sun, or die.

Whilst Candour would always recommend getting sound, impartial advice on your individual circumstances, the links provided will give you a good basic understanding of the principles on which we base our advice and your financial status as an expatriate. More information can be found in our guide 'Financial Planning for British Expatriates'.

Once you are aware of the fundamentals, please feel free to Contact Us should you wish to apply this to your personal circumstances and plan accordingly.

Residency & Domicile Explained
Where you are deemed resident and domiciled may not be as straight forward as you think and, if not established from outset and taken into consideration, it can cost you thousands in tax.

The Candour Wealth Management Package

Estate Planning for Expatriates
Estate planning might seem unnecessary if you are still decades from retirement, but it is a prudent move - particularly when you consider that if you don't make any alternative provision for your assets, the government could get the lot. Inheritance Tax comes into effect once your assets exceed the ‘nil rate band’ – a situation which more and more expatriates are finding themselves in.

Using Time Appointment Relief for UK Tax Planning

If you plan to return to the UK at some point in the future and have built up your offshore savings and investments to purchase a home on your return or fund your retirement, be prepared for a big tax bill when you need this money.

The Loan Trust

Loan Trust arrangements are designed to assist those individuals who wish to undertake some inheritance tax planning but do not feel able to make significant gifts.

Offshore Companies for Property Purchase

Whilst holding property in an offshore company certainly has its benefits if structured correctly; once established many people quickly learn that this is not a suitable holding vehicle for them. Candour reveals when you should and shouldn’t use an offshore company.
 

The Importance of a Valid Will
Unless you make a Will, you cannot guarantee that your belongings, when you die, will be distributed as you wish. Many unnecessary complications arise, adding to the grief of the bereaved and the expense of winding up the estate. If you die without a Will ("intestate") the law provides who will receive your possessions.

What to do in the event of a death whilst living abroad
The common perception of what happens when a loved one dies is that the funeral has to be arranged and a solicitor contacted to distribute the estate. Whilst these are certainly two of the morbid tasks that need be undertaken, they are by no means the only two. The death and ensuing responsibilities are difficult and stressful enough for those living at home but would you know what to do if your partner died whilst you where an expatriate?